Question 6 (6 points) Listen Which of the following statements concerning professional liability insurance coverage on an occurrence basis or a claims-made basis is correct? a) An occurrence basis policy covers claims arising from events that occur during the policy period, and a claim is filed during the same policy period. b) Claims-made policies cover all claims regardless of when the claim is made. c) An insured who changes from a claims made policy to an occurrence basis policy, or who retires, will need to purchase a "tail" (extended reporting period) on the claims made policy to ensure adequate protection. d) An insured who changes from an occurrence basis policy to a claims made policy will need to purchase a "tail" (extended reporting period) on the occurrence basis policy to ensure adequate protection